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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by Ersoy Bilgehan Lawyers & Consultants

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Client Alert: NEW COMMUNIQUÉ ON REAL ESTATE INVESTMENT COMPANIES

August 2013 - Corporate & Commercial. Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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The Capital Markets Board of Turkey ("CMB") has recently published a new CommuniquĂ© On The Principles Regarding Real Estate Investment Companies (III-48.01) ("CommuniquĂ©").  The main changes it brings to the old communiquĂ© which was in effect since 1998 can be summarized as follows:

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Client Alert: COMPANIES MUST NOW BE ONLINE ACCORDING TO THE NEW WEBSITE REGULATION

August 2013 - Corporate & Commercial. Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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The New Turkish Commercial Code required under Article 1524 certain companies[1] ("Company") to have a website. The Regulation on Company Websites ("Regulation"), referred by the same Article has entered into force on May 31, 2013.



[1] http://ersoybilgehan.com/DC/Files/ae559fa267ec40beade1b2066098d5fd.pdf

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NEW RAILWAY LAW ENDS THE STATE MONOPOLY OVER RAILWAYS AND ENABLES OPERATIONS BY THE PRIVATE SECTOR

July 2013 - Transport. Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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 The Law on Liberalization of Turkish Railway Transportation Numbered 6461 ("Law No 6461") has been published in the Official Gazette and is now in full force and effect as of May 01, 2013.

Client Alert: NEW POSTAL SERVICES LAW NUMBERED 6475

July 2013 - TMT ( Technology, Media & Telecoms). Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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The New Postal Services Law Numbered 6475 ("Law") has been published in the Official Gazette dated May 23, 2013 and numbered 28655. The Law aims to liberalize and thereby establish a strong, stabilized and transparent postal services sector within Turkey.

Client Alert: THE NEW PETROLEUM LAW

July 2013 - Projects, Energy & Natural Resources. Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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The Turkish Petroleum Law numbered 6491 ("Law") has entered into force as of June 11, 2013.  The Law has repealed the old Petroleum Law numbered 6326 ("Repealed Law") which was in effect for almost sixty years.

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Client Alert: MOST RECENT AMENDMENTS TO THE TURKISH COM MERCIAL CODE

July 2013 - Corporate & Commercial. Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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The Law Numbered 6455 Regarding Amendments to the Customs Law and Other Laws and Statutory Decrees ("Law No 6455") entered into force on 11 April 2013 amending some provisions under the Turkish Commercial Code numbered 6102 ("TCC").

Client Alert : INDEPENDENT AUDIT UNDER THE TURKISH COMMERCIAL CODE AND THE NEWLY PUBLISHED DECREE

February 2013 - Corporate & Commercial. Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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Auditing of companies has become a significant issue in a globalizing world. Auditing is no longer regarded as a matter which can only be subject to domestic law. Independence of auditors, auditing of auditors and preventing auditors to render any other service other than auditing are amongst the hot topics still debated in the European Union (EU). With the entry into force of the Turkish Commercial Code numbered 6102 of 2011 (Code) on 1 July 2012, a salient step was taken for modernizing the auditing system by introducing principles similar to those existing under the EU regulations.

Client Alert: NEW LAW ON FINANCIAL LEASING, FACTORING AND FINANCING COMPANIES IS ENACTED

February 2013 - Finance . Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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Expected ever since the first unofficial draft was published by the Banking Regulation and Supervision Authority (BRSA), back in May 2008, the new Law on Financial Leasing, Factoring and Financing Companies numbered 6361 (Law No. 6361) has entered into force as of 13 December 2012 with the exception of certain provisions-, upon its publication on the Official Gazette numbered 28496.

New Regime for Arrest of non-Turkish Vessels

February 2013 - Transport. Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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As  a  result of  the  Turkish Government's continuing efforts to harmonise the country's legislation with  that  of  the  EU  and  to modernise its old laws, some of which dates back to 1925, a new Turkish Commercial Code (the "New TCC") was passed by the Parliament  and came into force on 1st July, 2012.  The New TCC brings about a major overhaul of the laws of arrest of non-Turkish vessels within the Turkish jurisdiction.

New Rules on Incorporation of Jurisdiction/Arbitration Clauses in Charter Parties into Bills of Ladi

February 2013 - Transport. Legal Developments by Ersoy Bilgehan Lawyers & Consultants.

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Some of the changes brought by the New Turkish Commercial Code, which came into force on 1st July, 2012, continue to be hotly debated. One such change relates to incorporation of the terms and conditions of charter parties into bills of lading.